Stroitelstvo Bulgaria Ltd. v. Bulgarian-American Enterprise Fund
Court of Appeals for the Seventh Circuit
1Opinion of the Court
TINDER, Circuit Judge.
Stroitelstvo Bulgaria Ltd. (“Stroitelst-vo”), a Bulgarian construction company, entered into a loan contract with the Bulgarian-American Credit Bank (“Bank”). The Bank later claimed that Stroitelstvo breached the contract and demanded the full amount due on the loan. Stroitelstvo denied any breach but eventually settled by paying a large chunk of the Bank’s claim. The execution of the contract, alleged breach, and settlement payment all took place in Bulgaria.
Then, Stroitelstvo came to U.S. federal court and sued the Bank and its Chicago-based parent, the…
2Cases cited16 opinions
- Gulf Oil Corp. v. GilbertSupreme Court of the United States · 1947
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- In the Matter of the Arbitration Between Monegasque De Reassurances S.A.M. (Monde Re) v. Nak Naftogaz of Ukraine and State of UkraineCourt of Appeals for the Second Circuit · 2002
- George E. Mercier and Susan Y. Mercier v. Sheraton International, Inc., A/K/A Itt-Sheraton International, Inc.Court of Appeals for the First Circuit · 1992
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